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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - April 14, 1972, Lethbridge, Alberta Wctay, April 14, 1972 THE IETHBRIDGE HERAIO 13 Government plans new legislation on housing TORONTO (CP) Federal I Urban Affairs Minister Hon liasford said here he will introduce legislation "within a few weeks" to encourage the flow of private funds Into hous- ing. Mr. liasford told a meeting of the Toronto Home Builders As- sociation the legislation has three main thrusts. It will es- tablish a central mortgage bank wlu'ch will trade in residential mortgages, permit the creation of real estate investment trusts in Canada and create a new mortgage vari- able-term mortgage loan. "To meet he necessary tar- gets for housing in Canada over the next decade will call for an investment of more than bil- he said, "We are rapidly moving to a point where an annual invest- ment in the order of billion will be required to satisfy the financial needs of residentia' construction programs." As an example of the kind of money he hoped to attract through the new financing veh- cles, Mr. Basford pointed to the billion in assets held by life insurance companies, chartered banks, trust and loan compa- nies, and trusteed pension plans. "At the end of 1970, only 2( per cent of the total assets ol these Institutions were allocated to mortgages in various types ol real estate. Instead, in the last 15 years, that ratio has only been exceeded on two occasions "Trusteed pension plans are considerably below this ratio with only nine per cent of tlicir assets committed to real estate mortgages." The urban affairs minister said a small improvement in participation In the residentia' mortgage market by such com panies could produce major in creases in available mortgage funds. He said the greatest potentia for increased investment ir mortgages is in the trusfeec pension funds. "More than S300 million woul- be made available for residen Ual mortgages from a furthc five per cent of assets placed in this kind of investment." The proposed mortgage ban] will increase liquidity of resi dential mortgages, he said. Heat off Nixon visit to Canada FAST EFFICIENT SERVICE! OVIICAL PRESCRIPTION CO The real estate Investment rusts are aimed at attracting ndiviclual investors, he said, lucli like a mutual fund, they vould issue shares to the public ml use Hie proceeds to invest n mortgages and real estate. Mr. Bastard said the varia- ile-terni mortgages could bo written on the basis of flexible or variable interest rates and terms. They could also be writ- ten on the basis of the current practice of making housing loans cither five-year fixed in- Eerest term with a long amorti- zation period, or fixed long-term j mortgages. WASHINGTON (CP) Presi- dent Nixon visits Canada at a ime when whatever heat was generated here over the state of ;anada-U.S. relations has argely evaporated. The issues of trade, economi- cs and pervasive American iwnorship in Canada that stimu- aled headlines in Canada and almost daily questions in the ilouse of Commons pass vir- .ually unnoticed these days in .he U.S. 'iiiat is not to suggest that the Nixon administration itself is in- different to the problems that lave brought a new tension to the old friendship or is less than inger to find solutions. Despite the fact the American jublic and press have largely :aken a ho-hum attitude, the New York Times says in an edi- .orial today that although the :rip "may rank well down his [1st as a foreign travel spectacu- lar it could be one of his most important ventures abroad and is certain to be one of his most delicate." GOODWILL EXISTS Still, although the majority of Americans apparently have general feeling of goodwill to- ward Canada, the pros and cons of lingering disagreements be- tween the two countries are a closed hook to most. The fact that Nixon does not have in the background an aroused public watching in hopeful anticipation for some clues to eventual solution of the problems that have long both- ered many Canadians probably affords Nixon the luxury of a more relaxed approach to the talks, observers here suggest. Except for a lengthy New York Times article giving de- tails of the range of differences between Canada and the U.S.. and a smattering of ediloria: comment, the press has given little space to the visit. Thursday, the Washington Star carried a lengthy article or. the trip. The Washington Post carried on page 25 a brief Ottawa-date item on security Lawyer claims unborn betrayed L.C.I. WORKSHOP Presents a MAKE-UP WORKSHOP SATURDAY, APRIL 15th a.m. to 5 p.m. PER PERSON LCI Beauty Culture Room arrangements there. There was 10 story in the Washington News. In the view of some observers liere the trip suffers from the of view of advance public- ly by the fact it is being sand- wiched between the much-cov- ered China trip and the ap- >roaching presidential mission .0 Moscow next month. However, more than 80 Amer- .can radio, television and news- paper correspondents will be to Ottawa to report on the trip to the U.S. public. Concern over relations with Canada hit a high point in Con- gress at the time of the U.S. 10-per-cent tax on dutiable im- ports, with a number of legisla- tors speaking heatedly on Can- ada's behalf and pleading for a special consideration. Subsequently, when the U.S. negotiated new short-term trade arrangements with Japan and the Common Market early this year, it was broadly anticipated the protectionist elements in Congress would concentrate on Canada, seeking a similar deal with Ottawa. CONCERN SUBMERGED However, this congressional attack never materialized and any concern over Canada has been largely submerged of late by U.S. preoccupation with tho worsening war situation in Viet- nam, the approaching presiden- tial election, the economy Li Vietnam, the economy and tin- employment. White House and admmistra- -tion spokesmen emphasized in advance of the Canadian visit that the principal objective was to improve the atmosphere of the Ottawa-Washington relativn- ship. The idea K to demonstrate American goodwill and gener- ally create a climate in which talks on since other tense is- sues could be resumed. As The Times noted, the pres- ident "will bave a great oppor- tunity to improve the general climate of Canadian-American relations when he addresses a joint session of Friday. It is with this in mind that the White House said Nixon looked toward to his trip to Ottawa as "an important and not just a mainly symbolic trip. ITALIAN POLICE BATTLE STUDENTS Helmeled and club-swinging police sur- round a car where some demonstrators look shelter during clashes between leftist stu- dents and police in Naples. Ex-musicians leader dies hadn't tried to get musicians to work free. He even turned down TORONTO (CP) Walter musicians be paid, the union Murdoch, for 28 years the Cana- leader answered that there dian leader for the American 't wasn't a charty in Canada that Federation of Musicians, died Tuesday. He was 83. Accused by critics of sabotag- i free music for church causes, ing worthy causes by insisting "i Mr. Murdoch once retorted, 'if they thought salvation was free. I told them, it's going to cost you dough to Duel role for pastor to hire 30 musicians for each Leaf game. The only Canadian on tbe in ternational executive of the American Federation ol Musi cians, Mr. Murdoch was de- feated in 1965 after 28 years. A the time he was preparing t fight Expo 67 for bringing ii school bands and proposing ti pay only travel costs. Mr. Murdoch, born in Kings get through the pearly gates1." In 1939, he put Maple Leaf Gardens on the union's unfair ton, Ont. and raised in Hamil list when it tried to get free ton, was bandmaster for th music by giving troops free Royal Regiment of Canada fo passes. The Gardens was forced 32 years until he retired in 1958 LEAF RAPIDS, Man. (CP) This northern Manitoba min- ing community is to have a Lutheran pastor serving all Protestants and Anglicans. The pastor's ministry has the blessing of the Anglican, Pres- byterian, Mennonite Conference and United Churches, as well ay some financial support from the United Church of Canada. The ministry in Leaf Rapids, a new community in Mani- toba's remote northwest, is to begin in the fall, as a congre- gation of the Central Canada Synod of the Lutheran Church in America. Leaf Rapids is expected to have a population of by 1975. OPEN HOUSE KRADLE KOOP BABY CENTRE APRIL 10-16 2 P.M.-9 P.M. A worm welcome is extended to all par- ents who are interested in the welfare of small children. USE THE SERVICE ROAD DIRECTLY WEST OF WOOLCO Everyone Welcome! 7210 MAYOR MAGRATH DRIVE PHONE 328-2509 i Impersonator arrested by police, FBI WORCESTER, Mas. (AP) A former Worcester cab driver alleged to have impersonated an American psychologist to gain an appointment to the faculty of Brandon University in Brandon, Man., was arrested hy Worces- ter police and the FBI here for Canadian police. Joseph Robert Bohn, also known as Martin J. Bohn Jr., 38, was charged with being a fugitive from Canada, where he is charged with impersonation, a violation of the Canadian Criminal Code. Bohn was held in hail for an appearance in central district court. Worcester police said Cana- dian police officials were ex- pected in the city today. BMohn was arrested Wednes- day afternoon at a Holiday Inn where police said he had regis- tered as Dr. Martin J. Bohn Jr., the name Ihe impersonator used (o obtain the appointment at Brandon last summer. University officials said the impersonator taught there until April 2, then left abruptly when i his credentials were questioned and he was dismissed. Police said Bohn and his wife. I had been staying at the hotel I since Saturday. STEVE'S QUALITY MEATS AND CONFECTIONARY SPECIAL BEEF AND PORK SALE From Saturday, April 15 until Sat., April 22 only SIDES of BEEF ST.... 71 c FRONTS lb. 59c PORK Ib39c BACON: HAM SMOKED AND lOi SAUSAGE MADE TO OBDER Prieei Include Cutting and Wrapping OPEN DAILY 10 A.M. TO 10 P.M. PHONE 345-3929 OTTAWA (CP) The Tru- eau government has "betrayed :ie unborn" by refusing to de- end their rights on the abortion ssue, lawyer David Dehler said ere. Mr. Dehler, who recently suc- essfully represented a husband eeking an injunction to restrain lis wife from having an abor- ion, spoke at a meeting of Ac- tion Life, a local anti-abortioa Jroup. The defence o( Lhe unborn :hild as an "infant plaintiff" made the case unique in Cana- lian legal history. The injunc- lon later was withdrawn by the Supreme Court of Ontario. Mr. Dehler said the major one in Canada the right ol the unborn "to be protected in the womb to grow without being killed." "At some point, the unborn is more than just a part of tha mother's be said. Amendments in the Criminal ude dealing with abortion have left inconsistencies In the laws, he said. For example, the un- born have property and inherit- ance rights under provincially- administered civil law but no onger have the protection and rights of criminal law. There is no scientific evi- dence that human life begins at any moment other than the in- stant ol conception." He accused pro-abortionists and the news media of distort- ing the issue, making it appear Lo be a question of the mother's right to freedom of choice rather than the "essential func- tion of protecting the sanctity of life." TV POPULAR There were television eels sold in Israel last year. SAND GRAVEL ASPHALT BOTTLE DRIVE 17th LETHBRIDGE CUBS and SCOUTS SATURDAY APRIL 15 Area Covered: ALL OF NORTH LETHBRIDGE To Be Collected POP BOTTLES, BEER BOTTLES, CANS, GALLON JUGS, COAT HANGERS, RAGS AND EGG CARTONS FOR PICK-UP PHONE 328-4118 -OR- DELIVER TO 1117-18th St. No. smiunc CHLL FOR 'LRBHTTS BLUE' La bafts The Lethbridge Symphony Association Presenlt their 3rd CONCERT of the SEASON Monday, April p.m. YATES MEMORIAL CENTRE FEATURING THE LETHBRIDGE SYMPHONY ORCHESTRA Conduclor IUCIEN NEEDHAM Guest Artist: LOUISE CHAPMAN, Piano PROGRAM Overture Die Zauberflote Mozart Symphony No. 8 in B Minor (The unfinished) Schubert Piano Concerto in E Minor Chopin Overture La Gazza Rouini LIMITED RUSH TICKETS AVAILABLE.................. STUDENTS available nt LEISTER'S MUSIC LIMITED YATES BOX OFFICE (Until 15 minulei Performance) ;